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GAF LINDEN EMPLOYEES FEDERAL CREDIT UNION

Jun, 30, 2024 — GAF LINDEN EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in PARSIPPANY, NJ with 1 branch location and about $6.29 million in total assets. Opened 87 years ago in 1937, GAF LINDEN EMPLOYEES FEDERAL CREDIT UNION has about 532 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:GAF LINDEN EMPLOYEES FEDERAL CREDIT UNION
Address:
(Main Office)
1 Campus Dr
PARSIPPANY, NJ 07054-4404
Phone:(973) 628-3852
Fax:(973) 628-3563
Website:https://www.gafcreditunion.org
Branches:1 branch locations
Members:532
Credit Union Type:Federal Credit Union
Charter Number:2348
Membership Type:Multiple common bond - Primarily chemical
Corporate Credit Union:No
Year Opened:1937
Last Audited:Aug 01, 2022
FHLB Member:No
Low Income Designation:No
Assets:$6,294,608
CEO/Manager:Denise Faver
Chairperson:Lori Starr

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 148,260
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 181,028
 Unsecured Loans 407,704
 Other Loans 691,939
 TOTAL LOANS 1,280,671
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -36,195
 Land And Building 0
 Other Fixed Assets 84
 NCUSIF Deposit 50,512
 All Other Assets 0
  TOTAL ASSETS 6,294,608
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 9,997
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 211,274
 Regular shares 5,330,386
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 5,541,660
  TOTAL LIABILITIES 5,551,657
 Regular Reserve 0
 Other Reserves 55,439
 Undivided Earnings 687,512
  TOTAL EQUITY 742,951
  TOTAL LIABILITIES, SHARES, & EQUITY 6,294,608
INCOME & EXPENSE  
 Loan Income 44,963
 Investment Income 57,746
 Other Income 2,590
 Total Employee Compensation & Benefits 63,824
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 28,485
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 5,999
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 15,762
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